A large, brand new home for sale in Sea Pointe Estates just received another price reduction, making the home now $1,038,000 cheaper than its original listing price.

The home was first offered for $3,888,000 April 17, 2009 and is now asking $2,850,000.

Located at 28 Tesoro, the Tuscan-styled residence has 6 bedrooms, 5 bathrooms, 8,500-square-feet of living space on a .61 acre lot and ocean and valley views.

That breaks the value down to $335 per square-foot.

Per the listing description:

“This sprawling, just completed Tuscan style Estate is sure to be a trophy property for all of SC! Your guests will pull into the giant motor court driveway and enter thru the 13′ tall iron and glass double doors to enjoy open, panoramic views of the ocean, canyon and city lights and amazing detail throughout this never lived-in home. Current configuration is 6 br + library + bonus room + home theater, or could easily be converted into as much as 9 br’s! The gourmet kitchen has all Viking Professional appliances, 3 ovens, 6-burner cooktop, 2 dishwashers, and a wine refrigerator. The massive lot on a single-loaded street allows for the motorcourt, a large, flat backyard big enough to add a pool and complete privacy with a neighbor on only 1 side. Prestigious guard-gated Sea Pointe Estates with assn pool, tennis courts, clubhouse and lots of open space. Near fwy access, shopping, restaurants, theaters, world-class beaches, award-winning schools and NO MELLO ROOS! Welcome to paradise!”